German Factory Orders Surge Unexpectedly
This rise followed an upwardly revised 1.6% gain in October and contradicted expectations of a 0.9% decline for November.
The growth was largely driven by significant month-on-month increases in the production of metal goods (+25.3%) and in other vehicle construction — including aircraft, ships, trains, and military vehicles (+12.3%).
"Furthermore, moderate increases in several other sectors, including the manufacture of electrical equipment, mechanical engineering, and the manufacture of data processing equipment, electronic and optical products, had a positive impact on the overall result," Destatis noted in its statement.
Orders for capital goods advanced 7.9% compared to October, while intermediate goods rose 1.0% and consumer goods climbed 8.2%.
Foreign demand also strengthened, with overall international orders up 4.9%. Within the Eurozone, orders jumped 8.2%, while those from outside the bloc increased 2.9%. Domestic demand likewise grew by 6.5%.
On a yearly basis, factory orders surged by 10.5%, underscoring robust momentum in Germany’s industrial sector.
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